Sequin Labs, Inc. announced that it will receive $264,215,646.70348 in a round of funding on March 12, 2024. The company will issue 884,142 series A preferred stock at an issue price of $254.48375 per share, 308,586 series A-1 preferred stock at an issue price of $9.76906 per share, 30,707 series A-2 preferred stock at an issue price of $14.65359 per share, 301,971 series A-3 preferred stock at an issue price of $19.53812 per share, 350,082 series A-4 preferred stock at an issue price of $29.30719 per share, 227,193 series A-5 preferred stock at an issue price of $58.61438 per share, and 53,525 series A-6 preferred stock at an issue price of $117.22877 per share. The shares will be convertible in common shares at a fixed conversion price at their original issue price.

The shares are issued at a par value of $0.00001 per share. The shares are non-redeemable. The company will receive $225,000,000 securities pursuant to exemption provided under Regulation D.